Market Analysis of Ethereum on Monday 29 November 2021

2021-11-29 11:25Source:BtcDana

Ether / Dollar intraday: above its upper Bollinger band

 

Our pivot point is at 4013.

 

Our preference:

The upside prevails as long as 4013 is support.

 

Alternative scenario:

The downside breakout of 4013 would call for 3884 and 3807.

 

Comment:

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 4081 and 4071). Finally, the Ether / Dollar has crossed above its upper Bollinger band (4138).


Analyst Views Chart


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